Bitcoin ETF Inflow Shows Positive Signs With $378 Million On May 3
Key Points:
- Bitcoin ETF inflow saw a surge on May 3, signaling renewed institutional interest.
- Leading ETFs like Franklin Templeton’s EZBC and Fidelity’s FBTC reported record net inflows.
- Hong Kong’s cryptocurrency-based ETFs showed significant growth, reflecting rising investor interest in the region’s crypto market.
Bitcoin ETF inflow witnessed a significant surge on May 3, signaling a potential shift in institutional sentiment towards these investment vehicles.
Read more: Bitcoin Spot ETF vs Futures ETF: Differences To Make The Right Investment Choice
Bitcoin ETF Inflow Experiences Surge, Signaling Institutional Interest
Data from SoSoValue reveals the spot Bitcoin ETF inflow of $378 million, marking a stark reversal from seven consecutive days of outflows. Similarly, Grayscale’s GBTC recorded a rare single-day inflow of $63 million, further solidifying the growing interest in cryptocurrency ETFs among institutional investors.
Early reports indicate notable performances from various ETFs. Franklin Templeton’s EZBC reported a record daily net inflow of $60.9 million, followed by Bitwise’s BITB with $33.5 million, Ark Invest’s ARKB with $28.1 million, and VanEck’s HODL with $8.7 million.
Fidelity’s FBTC led the pack with $102.6 million in net inflows, while BlackRock’s IBIT brought in $12.7 million. Valkyrie’s BRRR and Invesco’s BTCO saw net inflows of $35.6 million and $33.2 million, respectively. However, WisdomTree’s BTCW and Hashdex’s DEFI recorded zero flows for the day.
Hong Kong’s Cryptocurrency ETFs Show Remarkable Growth
Meanwhile, Hong Kong’s cryptocurrency-based ETFs also demonstrated remarkable growth. Three Bitcoin spot ETFs in the region collectively secured about 4,225 BTC with net assets totaling $250 million.
Additionally, three spot Ethereum ETFs held over 16,000 ETH valued at $48.52 million, indicating a growing interest in the cryptocurrency market among investors in the area. This surge in inflows suggests a renewed confidence in cryptocurrency ETFs, potentially paving the way for further adoption by institutional investors.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Bitcoin ETF Inflow Shows Positive Signs With $378 Million On May 3
Key Points:
- Bitcoin ETF inflow saw a surge on May 3, signaling renewed institutional interest.
- Leading ETFs like Franklin Templeton’s EZBC and Fidelity’s FBTC reported record net inflows.
- Hong Kong’s cryptocurrency-based ETFs showed significant growth, reflecting rising investor interest in the region’s crypto market.
Bitcoin ETF inflow witnessed a significant surge on May 3, signaling a potential shift in institutional sentiment towards these investment vehicles.
Read more: Bitcoin Spot ETF vs Futures ETF: Differences To Make The Right Investment Choice
Bitcoin ETF Inflow Experiences Surge, Signaling Institutional Interest
Data from SoSoValue reveals the spot Bitcoin ETF inflow of $378 million, marking a stark reversal from seven consecutive days of outflows. Similarly, Grayscale’s GBTC recorded a rare single-day inflow of $63 million, further solidifying the growing interest in cryptocurrency ETFs among institutional investors.
Early reports indicate notable performances from various ETFs. Franklin Templeton’s EZBC reported a record daily net inflow of $60.9 million, followed by Bitwise’s BITB with $33.5 million, Ark Invest’s ARKB with $28.1 million, and VanEck’s HODL with $8.7 million.
Fidelity’s FBTC led the pack with $102.6 million in net inflows, while BlackRock’s IBIT brought in $12.7 million. Valkyrie’s BRRR and Invesco’s BTCO saw net inflows of $35.6 million and $33.2 million, respectively. However, WisdomTree’s BTCW and Hashdex’s DEFI recorded zero flows for the day.
Hong Kong’s Cryptocurrency ETFs Show Remarkable Growth
Meanwhile, Hong Kong’s cryptocurrency-based ETFs also demonstrated remarkable growth. Three Bitcoin spot ETFs in the region collectively secured about 4,225 BTC with net assets totaling $250 million.
Additionally, three spot Ethereum ETFs held over 16,000 ETH valued at $48.52 million, indicating a growing interest in the cryptocurrency market among investors in the area. This surge in inflows suggests a renewed confidence in cryptocurrency ETFs, potentially paving the way for further adoption by institutional investors.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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